Current Affairs 21st December 2018

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40 Workers conferred Prime Minister Shram Awards 2017 — The Union Government has announced to confer the Prime Minister’s Shram Awards 2017 to 40 workers across country. These awardees have been selected among the workers of Departmental Undertakings and Central and State Government PSUs and Private Sector companies having 500 or more workers.

US Federal Reserve Raised lending rates to 2.5 % — The US Federal Reserve has raised the key interest rates to a range of 2.25 percent to 2.5 percent. This is the 4th raise in the Federal Reserve’s rates this year and has reached the highest point since 2008.

WV Raman Appointed as the new coach of Women’s Cricket Team Of India — BCCI has appointed W V Raman as Indian women’s cricket team coach on 20th December 2017. He was preferred over South African cricketer Gary Kirsten for this position.

Lok Sabha Passed the Consumer Protection Bill, 2018 — The Lok Sabha has passed the consumer Protection Bill, 2018 on 20th December 2018, which will replace the Consumer Protection Act, 1986. The Bill seeks to enforce consumer rights and to offer a mechanism for complaint redressal related to deficiencies in goods and services.

DIPP Announces States’ Startup Ranking 2018 — The Department of Industrial Policy and Promotion under the Ministry of Commerce and Industry released the first ever Statess’ Startup Ranking 2018, the state of Gujarat is the best-performing state in the country for the startups.

Harsh Vardhan Shringla Appointed as India’s Ambassador to US — Shri Harsh Vardhan Shringla has been appointed as the Ambassador of India to the USA on 20th December 2018. Presently, Mr. Shringla is serving as the High Commissioner to the People’s Republic of Bangladesh and will take up the assignment soon.

‘Asiatic Lion Conservation Project’ Launched by Government — The ‘Asiatic Lion Conservation Project’ has been launched by the Ministry of Environment, Forest and Climate Change (MoEFCC). The main objective of this project is to work for the conservation of the world’s last ranging free Asiatic Lion population and the ecosystem associated with it.

Sri Lankan President Named 30 Member Cabinet — Sri Lanka’s President Maithripala Sirisena named a 30-member Cabinet, days after Ranil Wickremesinghe was reinstated as prime minister following a lengthy political crisis.

Karnataka Cabinet Approved a grant of Rupees 8,037.87 Crore for development Works — The Karnataka State Cabinet approved a grant of Rupees 8,037.87 crore for the development works in the city under the Chief Minister’s Nava Bengaluru Scheme. The funds will be released over the next three years and the works will be executed by the Bruhat Bengaluru Mahanagara Palike (BBMP).

IRDAI Fines Iffco Tokio, Royal Sundaram Rupees 5 lakh each — The insurance Regulatory and development Authority of India (IRDAI) imposed fine of Rupees 5 lakh each on Iffco Tokio General Insurance and Royal Sundaram General Insurance for violating motor tariffs claims and file and use guidelines.